Regulatory Alerts2007-01-01
Insurance (Long-Term Insurance Business Solvency) Rules 2007
The Financial Services Commission of Mauritius issued these Rules to establish comprehensive solvency requirements for long-term insurers, mandating the use of a statutory solvency method with best-estimate assumptions and prescribed margins. Insurers must maintain a minimum capital requirement calculated as the higher of a stress test or Mauritian rupees 25 million, value assets at fair value, and adhere to strict investment concentration limits of up to 10 percent in listed entities. The Rules further require detailed actuarial reports certifying liability and asset valuations, bonus smoothing reserves, reinsurance arrangements, and ongoing compliance with prescribed valuation parameters.
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